on january 1 a company issued and sold a 400000 7, Financial Accounting

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on january 1 a company issued and sold a 400000 7

On January 1, a company issued and sold a $400,000, 7%, 10-year bong payable, and recieved proceeds of $396,000. Interest is payable each June 30 and December 31. The company uses the Straight line method to amoritze the discount. Prepare a Journal Entry to record the June 30th interest payment. You may exclude the explanation

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Financial Accounting: on january 1 a company issued and sold a 400000 7

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